The US Chamber of Digital Commerce has filed an amicus brief in support of Binance in its legal battle against the US Securities and Exchange Commission (SEC). The group argues that the SEC's actions are driving crypto startups offshore and stifling financial innovation. They also claim that the SEC has mislabelled many crypto tokens as unregistered securities and failed to recognise the distinction between the subject of an investment-contract security and the investment contract itself. The SEC has recently levied enforcement actions against several digital asset companies, including Binance, Coinbase, and Kraken.